Sandhill continues to deliver best in class performance. For 2018 year to date (1/1/18-9/30/18), Sandhill’s flagship Concentrated Equity Alpha (CEA) product returned 13.9% net of fees vs. a return of 9.0% for the S&P 500 Index. For 2018 year to date (1/1/18-9/30/18), Sandhill’s Corporate Bond product returned 0.14% net of fees vs. a return of -0.41% for the Bank of...

Sandhill had a solid first quarter. For the first quarter of 2018, the Concentrated Equity Alpha (CEA) product returned +1.8% net of fees vs. -1.2% for the S&P 500 Index. We are pleased Sandhill continues to outperform the market. Fixed income For the first quarter of 2018, the Corporate Bond product returned -1.1% net of fees vs. -1.2% for the...

Clients at Sandhill had a spectacular year For the year of 2017 (1/1/17-12/31/17), the Concentrated Equity Alpha (CEA) product returned 32.9% net of fees vs. 19.4% for the S&P 500 Index. For the last two years (1/1/16-12/31/17), the Concentrated Equity Alpha (CEA) product returned 56.2% net of fees vs. 30.8% for the S&P 500 Index. The returns produced by our...

For the first nine months of the year (1/1/17 - 9/30/17), Sandhill’s Concentrated Equity Alpha (CEA) product returned 20.6% net of fees vs. the S&P 500 Index’s return of 12.5%. Over the last year and three quarters (1/1/16 – 9/30/17), Sandhill’s Concentrated Equity Alpha (CEA) product has returned 41.7% net of fees vs. the S&P 500 Index’s return of 23.2%....

Sandhill continues to execute and deliver superior investment results for our clients. In addition to continued strong performance, our turnover (the rate at which we buy and sell stocks) is very low – a key indicator to the health of our portfolios. Low turnover is also tax efficient. Finally, the gains in our client accounts are well distributed across our...

Sandhill closed the books on a terrific 2016. Our teams functioned well across the entire firm, and most importantly, we delivered very good performance in both our equity and fixed income products. The Concentrated Equity Alpha (CEA) product (our flagship equity product) returned 17.5% net of fees for 2016 vs. the S&P 500 Index return of 9.5%. The CEA...

Sandhill is firing on all cylinders. For year to date 2016 through 9/30/16, Sandhill’s flagship CEA composite is up 14.9% net of fees vs. 6.1% for the S&P 500 Index. Our performance puts Sandhill in the top of its class nationally. The catalyst for our performance was the second quarter earnings’ results of our operating companies in the CEA portfolios...

As you know (and we have preached), investing in the stock and bond markets is a long-term game that requires patience. That said, we have set our portfolios up defensively for the summer in anticipation of some downward pressure on the market. We look to take advantage of that opportunity should it come to pass. So far, we are having...

In the many years (fourteen) that I have run Sandhill, the second half of 2015 was one of the most difficult times for our firm. In an intensely competitive business where only one in five active managers beats the market over time, we have prided ourselves on delivering good, if not great, results. We did not in the second half...

Sandhill had a terrific quarter – our best relative to the market since the third quarter of 2013. Sandhill’s Concentrated Equity Alpha (CEA) composite was up 5.7% (net of fees) vs. a 0.4% return for the S&P 500 Index. Sandhill provided 5.3% of excess return relative to our benchmark in the quarter, and we are pleased to execute so well...

Sandhill had a very solid fourth quarter with the Concentrated Equity Alpha (CEA) composite up 6.3% (net of fees) vs. the S&P 500 Index return of 4.4%. Many asset classes had difficulty in the fourth quarter with the collapse of oil prices being the big news. The year of 2014 was difficult for active managers. Barron’s recently reported that only...

By any measure, Sandhill did not have a good third quarter. The Concentrated Equity Alpha (our flagship) product had a return of -2.61% net of fees vs. the S&P 500 Index’s return of +0.6%. So, we underperformed by 3.2% in the quarter. First of all, I would like to be clear that we are not pleased with this performance. We...

After the Concentrated Equity Alpha (CEA) product delivered a return of 38% net of fees in 2013, it has been a quiet beginning to 2014. Sandhill added a lot of “excess return” for its clients in 2013 as the S&P 500 Index was up 29.6%. The “digestion period” in the first quarter of 2014 was expected. If you will, the...

Sandhill has had a very, very solid year so far with our equity accounts as measured by the CEA Composite up 28.8% through 9/30/13 vs. 17.9% for the S&P 500 Index. While we are thrilled to deliver this much excess return to our clients, the question really becomes what to do with these gains. As we have expressed to many...